LM_HG207 Des Moines, Iowa Fri, May 03, 2019 USDA Market News EASTERN CORNBELT DAILY DIRECT PRIOR DAY HOG REPORT BASED ON STATE OF ORIGIN PLANT DELIVERED PURCHASE DATA FOR Thursday, May 2, 2019 CURRENT VOLUME BY PURCHASE TYPE BARROWS & GILTS LIVE AND CARCASS BASIS Actual Actual Actual Prior Day Week Ago Year Ago Producer Sold Negotiated 5,642 3,009 4,127 Other Market Formula (Futures/Options) 5,630 9,486 8,398 Swine or Pork Market Formula 27,960 26,296 36,475 Other Purchase Arrangement 29,733 31,132 28,484 Negotiated Formula 932 664 1,021 Packer Sold (all purchase types) 8,660 8,199 200 -------------------------------------------------------------------------------- NEGOTIATED OTHER SWINE OTHER NEGOTIATED TOTALS/ MARKET OR PORK PURCHASE FORMULA WTD AVG FORMULA MARKET ARRGMENT (FUT/OPT)** FORMULA Barrows & Gilts (carcass basis): Producer Sold Head Count 4,930 4,947 23,400 28,755 320 62,352 Base Price 77.44 84.36 81.35 79.05 * 79.80 Packer Sold Head Count 8,660 Base Price * -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 5,320 Compared to Prior Day's closing weighted average (LM_HG207), no comparison Base Price Rng $77.01 - $78.35, Wtd Avg $77.51, 5 Day Rolling Avg $77.51 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 320 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- ---------------------------------------------------------------------------------- COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 5,640 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- ---------------------------------------------------------------------------------- EASTERN CORNBELT DAILY DIRECT NEGOTIATED HOG PURCHASE MATRIX REPRESENTING INDIVIDUAL PACKER CARCASS MERIT BUYING PROGRAMS based on both Fat and Muscle Measurements for a 200 lb Carcass Basis LOIN AREA/DEPTH (INCHES) BF 4.0/ 1.4 5.0/ 1.7 6.0/ 2.0 7.0/ 2.3 8.0/ 2.7 0.4 80.50 83.68 82.00 85.32 83.00 86.97 84.00 88.61 84.01 90.81 0.5 77.50 83.68 80.50 85.32 82.51 86.97 83.50 88.61 84.01 90.81 0.6 77.50 82.11 80.50 83.76 81.51 85.40 82.51 87.05 83.51 89.24 0.7 77.50 80.54 77.50 82.19 80.50 83.83 81.51 85.48 83.01 87.67 0.8 76.50 78.98 77.50 80.62 79.51 82.27 81.01 83.91 82.51 86.11 0.9 76.01 77.41 77.50 79.06 77.50 80.70 80.01 82.35 81.01 84.54 1.0 74.50 75.84 76.01 77.49 77.50 79.13 78.51 80.78 80.01 82.97 1.1 72.01 73.88 74.51 76.50 76.01 77.50 77.50 78.82 79.26 82.00 1.2 71.53 73.50 72.01 74.50 74.51 76.50 76.01 77.50 78.51 80.50 1.4 61.35 70.00 62.99 73.50 64.64 74.50 66.28 76.50 68.48 77.50 -------------------------------------------------------------------------------- CARCASS WEIGHT DIFFERENTIALS 145# -20.00 -7.84 175# -1.50 0.00 205# -6.27 0.00 155# -11.82 0.00 185# 0.00 0.00 215# -6.27 0.00 165# -5.00 0.00 195# -1.57 0.00 225# -6.27 0.00 --------------------------------------------------------------------------------- MEASUREMENTS BASED ON SLAUGHTER DATA SUBMITTED 5-Day Rolling Average Market Hog: 195.60 lb carcass, 0.63 inch back-fat, 6.84 square inch loin/2.28 inch loin depth, FFLI: 53.16% Price Range $82.51 - $87.05 --------------------------------------------------------------------------------- SWINE OR PORK MARKET FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (carcass basis): 31,670 Base Price Range $75.22 - $86.79, Weighted Average $82.62 -------------------------------------------------------------------------------- NEGOTIATED PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 567 Compared to Prior Day's closing weighted average (LM_HG207), 0.44 lower Price Rng $54.45 - $63.50, Wtd Avg $61.64, 5 Day Rolling Avg $61.95 -------------------------------------------------------------------------------- NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 332 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- COMBINED NEGOTIATED & NEGOTIATED FORMULA PURCHASE (Including Packer Sold) Barrows & Gilts (live basis, 240-320 lbs): 899 *Price not reported due to confidentiality* 5 Day Rolling Avg $-- -------------------------------------------------------------------------------- BARROWS & GILTS PURCHASE BY STATE OF ORIGIN Georgia 193 Illinois 18,727 Indiana 18,288 Kentucky 907 Michigan 6,898 North Carolina 14,072 Ohio 14,473 Pennsylvania 4,395 Wisconsin 604 -------------------------------------------------------------------------------- *Price not reported due to confidentiality, for more information visit: www.ams.usda.gov/sites/default/files/media/ConfidentialityGuidelines.pdf *Base Price is the price from which no discounts are subtracted and no premiums are added. ** Futures/Options Source: USDA Livestock, Poultry & Grain Market News Division, Des Moines, IA 515-284-4460 email: desm.lpgmn@ams.usda.gov 24 Hour recorded market information 515-284-4830 0800C www.ams.usda.gov/market-news/livestock-poultry-grain .